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South Korea prosecutors question heads of conglomerates in probe over political scandal: Yonhap

The logo of Hyundai is pictured at at the 37th Bangkok International Motor Show in Bangkok, Thailand, March 22, 2016. REUTERS/Chaiwat Subprasom/File Photo
(Copyright Reuters 2016)

SEOUL – South Korean prosecutors have questioned the heads of some large conglomerates, including the chairman of Hyundai Motor <005380.KS>, and plan to question the de factor head of Samsung Group in a probe over a political scandal involving President Park Geun-hye, media reports said on Sunday.

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The prosecutors are investigating whether Park exerted improper pressure on "chaebol" conglomerate bosses to raise funds for two foundations at the center of an influence-peddling scandal involving a friend of hers, Yonhap said.

Officials at the prosecutors office could not immediately be reached for confirmation or comment. Hyundai Motor and Samsung Group could not immediately confirm the report.